Bloom Energy Corp closed at $217.45, rising 6.58% from the prior close.

A $3.63 million long call at the $270 strike expiring November 2026 dominated the options tape, signaling a bold bullish bet. Despite the high absolute implied volatility near 92%, the IV percentile sits at only 3.98%, meaning options are historically cheap. Traders are paying premium for upside exposure into a long-dated window, with the entire displayed large-order flow concentrated in an out-of-the-money call purchase rather than defensive positioning.

>>>Click to claim your commission-free cards before trading!

Options Indicators

BE’s implied volatility stands at 92.27%, but its IV percentile is only 3.98%, which indicates that, despite the high absolute IV level, current option pricing sits near the low end of its own historical range. In other words, volatility is on the low side relative to where BE options have typically traded, so options appear cheaply priced rather than expensive. The IV/HV ratio of 0.85 also suggests implied volatility is running below historical realized volatility, reinforcing the view that current premiums are not stretched.

The Call/Put volume ratio is 1.39.

Large Trades

A call purchase worth $3.63 million dominated the large-trade flow in BE, with 1,500 contracts bought at the 270.0 strike expiring on 2026-11-20. With the stock reference price at 217.45, this call was out-of-the-money at execution, making it a clear upside-oriented position that requires a meaningful move higher over time to gain intrinsic value. The trade structure points to a straightforward bullish directional bet, likely expressing expectations for a sizable rally into the longer-dated expiration window while using defined premium risk.

Overall, the large-order activity in BE was clearly bullish. The entire displayed flow was concentrated in an out-of-the-money long call purchase, which suggests traders were willing to pay premium for upside exposure rather than positioning defensively or collecting income. That profile typically reflects optimistic sentiment and a willingness to target higher future prices, so the bulk-order tone leans decisively toward continued upside expectations.

Strategy Reference

For traders preferring a low assignment probability, selling the $160 put expiring in a nearer-dated monthly cycle offers a defined-risk income alternative well below the current price, while a bull call spread using the $220/$270 strikes expiring 2026-11-20 reduces upfront premium and margin versus an outright long call.